There is a warning about online stranger danger in a recent report, but it is more like a tech jargon bingo card. Apparently going the usual route to hack a project was too "lo-fi" for some scam artists, as the exchange announced that they had faked a hologram to trick the projects out of their money.
Patrick Hillmann wrote in a post last week that internet scam artists were using deep fake technology to copy his image during video meetings. He began to catch on to the trend when he received messages from the leadership thanking him for never attending a meeting.
Hillmann shared a picture of a message he said was from a project leader saying someone had impersonated him. A team of hackers used old interviews to create a fake, according to the communications officer. Hillmann said that the fake was refined enough to fool several members of the community.
It's a high value target for scam artists looking to squeeze both users and project leaders out of their money because it's ranked as one of the biggest exchanges.
According to Hillmann, there has been a rash of hackers faking themselves as staff on multiple social platforms in order to steal money. The fake accounts are trying to get the leads of up-and-coming projects to pay a fee to have their projects listed on Binance. The problem has become so common that there is a tool that can be used to verify a source.
Hillmann said that he had received several online messages thanking him for taking the time to meet with project teams regarding potential opportunities to list their assets on Binance.com. It was odd because I had never met with any of these people before.
The fact that these executives were targeting both users and project teams in the larger community points to the amount of scam and hacks in the larger community. Over the past year, the FBI says users have lost $42 million due to fakecryptocurrencies. While some of the largest heists have involved hackers infiltrating web3 networks, usually abusing security flaws found in connected web2 applications, other scam called " rug Pulls" get users to sign up with false promises before taking the funds and disappearing.
It isn't immune to user complains. Hundreds of complaints were filed with the Federal Trade Commission against the exchange, many of which argued that they were not allowed to withdraw their money from the exchange. Some people said they were tricked by people pretending to be customer support for a company that didn't have a phone number in the past. One of the first options in a search is the company's support center. Part of the issue is that they don't claim a home country for their headquarters. The vague designation of one of their main offices in the Cayman Islands has come under scrutiny before.
Deepfake technology is difficult to crack for high-profile individuals. Many online accounts on the professional networking site are created using artificial intelligence. Deepfakes are being used more and more to apply to remote jobs according to law enforcement officials. To tell a deepfake from an actual human is to watch for any video defects or visual glitch that doesn't seem real. Many scam artists use low-quality cameras to make it look like the person behind the camera is a real person.
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